Innovate (VATE) FCF Margin (2010 - 2025)
Innovate (VATE) posted quarterly FCF Margin of 24.46% for Q4 2025, up 1000.0% year-over-year from 2.22% in Q4 2024, and up 644.68% quarter-over-quarter from 3.28% in Q3 2025.
Innovate (VATE) FCF Margin (2010 - 2025) Analysis & Trends
Innovate's FCF Margin history runs 16 years deep, the most recent figure standing at 24.46% for Q4 2025.
- In Q4 2025, FCF Margin rose 1000.0% year-over-year to 24.46%; the TTM figure through Dec 2025 stood at 9.67% (up 1057.0% YoY), while the FY2025 annual figure was 9.67%, up 1057.0% from the prior year.
- FCF Margin for Q4 2025 stood at 24.46%, up from 3.28% in the prior quarter.
- The five-year high for FCF Margin was 24.46% in Q4 2025, with the low at 23.44% in Q1 2023.
- The 5-year median for FCF Margin is 2.52% (2023), against an average of 1.16%.
- Peak annual rise in FCF Margin reached 4571 bps in 2021, while the deepest fall reached 3160 bps in 2021.
- Innovate's FCF Margin stood at 16.72% in 2021, then soared by 40 bps to 23.43% in 2022, then plunged by 33 bps to 15.71% in 2023, then decreased by 8 bps to 14.45% in 2024, then soared by 69 bps to 24.46% in 2025.
- Business Quant data shows VATE's FCF Margin at 24.46% in Q4 2025, 3.28% in Q3 2025, and 14.17% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 9.05% |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 30.56% |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | 5.01% |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | -3.36% |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | 19.62% |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 2.31% |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | -13.66% |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 5.13% |
| 10 | Innovate | 101.71 Mn | 507,135.29 | 58.90 Mn | 24.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 24.46% |
| Sep 30, 2025 | 3.28% |
| Jun 30, 2025 | 14.17% |
| Mar 31, 2025 | -6.86% |
| Dec 31, 2024 | 14.45% |
| Sep 30, 2024 | -16.60% |
| Jun 30, 2024 | 5.97% |
| Mar 31, 2024 | -7.17% |
| Dec 31, 2023 | 15.71% |
| Sep 30, 2023 | 1.76% |
| Jun 30, 2023 | 5.23% |
| Mar 31, 2023 | -23.44% |
| Dec 31, 2022 | 23.43% |
| Sep 30, 2022 | -12.96% |
| Jun 30, 2022 | 6.43% |
| Mar 31, 2022 | -14.27% |
| Dec 31, 2021 | 16.72% |
| Sep 30, 2021 | -5.17% |
| Jun 30, 2021 | -6.69% |
| Mar 31, 2021 | -15.37% |